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(118,701 posts)
1. NY AG questions if insurance group is good for the money
Sun Apr 7, 2024, 11:48 AM
Apr 2024

Aysha Bagchi

... James questioned in a Thursday court filing if the bond from Knight Specialty Insurance Company met New York's legal requirements. She said the company hadn't provided a certificate showing it was qualified to provide the bond. The bonding company is headed by California billionaire Don Hankey, a self-proclaimed Trump supporter who made a fortune through high-interest loans to car buyers with bad credit.

James demanded the bonding company or the defendants — which include Trump and his two oldest sons — demonstrate to New York trial judge Arthur Engoron that the company is capable of paying the money. Engoron scheduled a hearing on the issue for April 22 ...

Before the New York appeals court gave Trump a reprieve by reducing the bond requirement, Trump pleaded that the $464 bond was a "practical impossibility," stating that 30 bonding companies refused to accept real estate as collateral in exchange for a bond of that size ...


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